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Talking Bailout Politics
I'll be doing that on the Jerry Hughes show, from 3:30-4:00 p.m. EDT today. Listen in at the link.
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Tom Walls|9.24.08 @ 3:36PM|#
"I wouldn't trust John McCain in an outhouse with a muzzle on."
I've lived in the South most of my life and have never heard that one.
Paul|9.24.08 @ 3:47PM|#
Very interesting commentary on the SARBOX arcane accounting rules forcing them to record repo'd houses at $0. I'm going to have to look into this more deeply. If that's the case, then regulation was a major force in this collapse.
Paul|9.24.08 @ 3:53PM|#
Matt, we lost our nerve on the war of ideas (as you spake on the radio) because there is no more Soviet Union. Without a reference economy, we just have varying degrees of mixed economies. We should be using N. Korea as our reference economy, but for some reason, we don't.
JMR|9.24.08 @ 4:42PM|#
I think the lack of a reference economy is the least of our problems. What the US government needed, but attacked, was privately issued currencies competing with the Federal Reserve, to allow this sh1t to hit the fan slowly, but it didn't happen. Note this happens to be a "Ron Paul told you so" issue, whether or not the media wants to notice that fact.
Paul|9.24.08 @ 6:20PM|#
JMR,
FYI, I was referencing a comment made by Matt Welch on the radio, where he was specifically talking about the cold war, and how we won that cold war on our ideas of freedom, free markets, lack of government intervention- and how we (this country) needs to reassert those ideals as "we've lost our nerve".